"09 December 2017" Archive

RERA Registration requirement & Registration Process

Registration requirement of any Project under RERA - How the limit of more than 500 Sq. mtrs. or more than 8 apartments is to be seen? and what are the steps to be followed for registration of any project under RERA...

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Posted Under: Corporate Law |

How to View Submitted GST Registration Application

A. FAQs on View Submitted Application Q.1 Where can I access my submitted applications? Ans: You can login to the GST Portal and navigate to Services > User Services > View My Submissions to access your submitted applications. Q.2 What is the difference between a saved application and a submitted application? Ans: A saved appl...

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Posted Under: Corporate Law |

Mandatory Offline GST Billing Software to be provided by goverment

Do you agree that government must provide mandatory offline GST billing software to every registered person, which may work on any platform / device be it windows, IOS, Android etc. and may be used on any desktop, laptop, mobile, tab etc. with the facility to automatic upload of sales data to the government servers as and when the system ...

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Posted Under: Corporate Law |

All about vigil mechanism in reference to credit manager & critical appreciation

The word Vigil as per oxford dictionary means a period of keeping awake during the time usually spent asleep, especially to keep watch or pray....

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Posted Under: Corporate Law |

Assessment order not become nullity for mere non-issue of notice upon legal heirs

Late Shri Atulkumar Mansukhlal Shah Vs. ITO (ITAT Ahmedabad)

The ld.counsel for the assessee while impugning the orders of Revenue authorities took us through section 159 of the Income Tax Act, 1961 and pointed out that as per sub-section (2) of section 159 notice upon legal heirs ought to have been issued by the AO, which the AO has failed to do so, and therefore, the assessment order is a nullity...

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CIT (A) should discuss or decide merits of case even in ex- parte decision

Pramod Kumar Pathak Vs. ITO (ITAT Agra)

Agra ITAT has remitted the file back to the CIT(Appeals) as CIT (Appeals) had just sustained Assessing Officer's order without himself discussing or deciding the merits of the case....

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Re-Assessment merely on direction from Superiors is Invalid

Asst. Commissioner of Income- tax Vs. M/s Gayatri Agro Industrial Power Ltd. (ITAT Hyderabad)

Hyderabad bench of Income Tax Appellate Tribunal held that if the AO was satisfied with the original assessment then the re-assessment order under section 147/ 148 of the Income Tax Act passed only on the direction of the superior officers is invalid....

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Appeals and Revisions Mechanism under Goods and Service Tax

Appeal to High Court (Section 117)- I. Who can file the appeal: Any person aggrieved by any order passed by the State Bench or Area Benches of the Appellate Tribunal may file an appeal to the High Court and the High Court may admit such appeal, if it is satisfied that the case involves a substantial question of law. An appeal to the High ...

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Posted Under: Corporate Law |

ROC Search Report for loans sanctioned by Banks

Search Report as the name suggests is related to a report based on some facts and figures of a particular search. It is a basic Tool for Inspection of Company’s Records in hands of stakeholders specially Banks. ...

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Posted Under: Corporate Law |

ITAT upheld addition in for Undisclosed Income held in LGT Bank in Liechtenstein

Mr. Hasmukh I. Gandhi Vs. Dy. CIT (ITAT Mumbai)

Mr. Hasmukh I. Gandhi Vs. Dy. CIT (ITAT Mumbai) In this case Information was received by CBDT from German Authorities about bank account held by a trust named as Manichi Trust where economically beneficial ownership of the assets is of the appellant and his family members. Specific details such as date of birth, residential address, [&hel...

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